Residential Income - 2839 Hillcrest Drive, Los Angeles, CA

$1,295,000

2839 Hillcrest Drive, Los Angeles, CA

2839 Hillcrest Drive, Los Angeles, CA 90016 - $1,295,000 · Multi-Family Home for Sale, photo 3

2839 Hillcrest Drive, Los Angeles, CA 90016 - $1,295,000 · Multi-Family Home for Sale, photo 4

2839 Hillcrest Drive, Los Angeles, CA 90016 - $1,295,000 · Multi-Family Home for Sale, photo 5

View in Nalren App Get the App

Description

Seize a rare opportunity to acquire a cash-flowing triplex in West Adams — one of Los Angeles' most dynamic and appreciating neighborhoods. This turnkey asset offers immediate upside: the main 4BD/2BA unit is ready to rent or live in with a 3BD/2BA second unit, and a 1BD/1BA rear unit — all with a private yards — maximizing rental income. Based on pro forma rents for the 4bd unit, the property offers an estimated Gross Operating Income of $106,680 and Net Operating Income of $80,455, reflecting a 12.14 GRM and a 6.2% cap rate. Located just 12 minutes from USC, and 15-25 minutes from most of the LA area, the property draws steady rental demand from the university-adjacent community as well as anyone who likes being 20 minutes from everywhere and steps from some of LA's most exciting new restaurants.

Property details

Year built

1927

Property type

Residential Income

Lot size

6,502 sqft

Location

2839 Hillcrest Drive • Los Angeles, CA 90016

More homes for sale and rent in Los Angeles, CA →

Listed by

Diana Fang · Landon Realty Group

Similar Listings

Recent sales near 2839 Hillcrest Drive

2838 1/2 Potomac Avenue: Sold $565,000 · 2 bd · 1 ba · 1,083 sqft · Jun 2026 · 0.0 mi
Compass | DRE #01365696
Buyer's agent: Arianna Smaldino, Equity Union | DRE #02013837
2947 West: Sold $1,495,000 · Sep 2026 · 0.1 mi
Lyon Stahl Investment Real Estate, Inc. | DRE #02268245
Buyer's agent: Ashkan Etemad-Sadati, Re/Max Luxe | DRE #01994702
4554 W 28th Street: Sold $400,000 · 4 bd · 2 ba · 1,656 sqft · Sep 2026 · 0.2 mi
2938 Virginia Road: Sold $1,152,000 · 3 bd · 1 ba · 1,164 sqft · Jun 2026 · 0.3 mi
Coldwell Banker Realty | DRE #01350025
Buyer's agent: Anselm Clinard, Compass | DRE #01872344
4214 W 29th Street: Sold $885,000 · 2 bd · 1 ba · 1,087 sqft · Jul 2026 · 0.3 mi
Real Estate Collective | DRE #01426130
Buyer's agent: Patrick Adams, Bennion Deville Homes | DRE #02161929
2807 Somerset Drive: Sold $1,540,000 · 3 bd · 2 ba · 1,585 sqft · Jul 2026 · 0.3 mi
Compass | DRE #02158915
Buyer's agent: Stormie Leoni, Compass | DRE #01949760
2812 1/2 Somerset Drive: Sold $605,000 · 2 bd · 1 ba · 1,090 sqft · Sep 2026 · 0.4 mi
2826 Somerset Drive: Sold $1,055,000 · 3 bd · 3 ba · 2,083 sqft · Jun 2026 · 0.4 mi
The Oppenheim Group, Inc. | DRE #01863254
Buyer's agent: Lorin Ruttenberg, Compass | DRE #01309588

Closed sales reported in 90016, nearest first, last 12 months. All recent sales in Los Angeles →

Sale history for 2839 HILLCREST Drive

Sold $650,000 in May 2015 · MLS #15818153 · Source: CRMLS